Posted by gomiami1972 on 2/25/2019 6:59:00 PM (view original):
Posted by bad_luck on 2/25/2019 6:39:00 PM (view original):
Posted by cccp1014 on 2/25/2019 6:22:00 PM (view original):
Posted by bad_luck on 2/25/2019 6:05:00 PM (view original):
Posted by cccp1014 on 2/25/2019 5:15:00 PM (view original):
Either bad luck is kidding or simply a dolt. Either way I am very close to blocking him. His posts kill more brain cells than alcohol and pot combined. And $2bn in revenues is not a small business. WTF!?
It’s not 2b in revenue. It’s 2b in sales. Big difference.
Actual revenue last year was around 175m. Not sure what our payroll and overhead chunks out of that but the partner with the most equity took home just under $14m last year.
What? What was the top line? Sales/Revenue and what was the net income? $175mil is still not small. Lmao
The product we sell cost our customers $2b last year.
The revenue we made from those sales totaled $175m.
I think we’re technically still a small business.
My accounting degree is bugging me here so I'll apologize. Sales are a subset of revenue...so revenue is almost always larger than sales (at least in a healthy enterprise.) I assume you mean you $175m in income.
Yeah, I get that. So, in my industry—insurance, we call the agency gross commissions “revenue.”
Thats probably technically an incorrect way to label it but it’s not an audit. It’s just shorthand.
We sold $2b in policy premium last year. That’s the economic cost to our customers so sometimes it’s referred to as sales or premium volume.